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Steve Jobs' estate pays to free impounded superyacht

Sapa-AFP | 25 December, 2012 14:24

A file photo taken on October 29, 2012 shows the yacht ordered by Apple's late founder Steve Jobs and designed by French Philippe Starck's Ubik company at the De Vries shipyard in Aalsmeer.Image by: ED OUDENAARDEN / ANP / AFP

Steve Jobs' superyacht Venus was free to leave Amsterdam port this week after the late Apple co-founder's estate paid a deposit to resolve a dispute with designer Philippe Starck, who had had the yacht impounded.

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"The Venus is no longer impounded, we have found a
solution," Gerard Moussault, a Hague-based lawyer for the Jobs estate,
told AFP.

"A security deposit was paid into a bank account, but I
cannot say for how much," Moussault said after French designer Starck last
week asked Amsterdam
bailiffs to seize the sleek 70-metre yacht.

The vessel, which reportedly cost over 100 million
euros ($130 million) to build, was impounded after Starck said Jobs'
estate still owed him three million euros for his contribution to its design.

Starck said he was to be paid a fixed sum of nine million
euros, while lawyers for Jobs' estate said he was to be paid a percentage of the
project's cost equal to six million euros.

The Dutch-built yacht, which was only unveiled in October --
just over a year after Jobs died – is in Amsterdam
harbour because of bad weather.

"The captain is waiting for better weather to set
sail," Moussault said.

Starck's lawyer in the Netherlands, Roelant Klaassen, said
on Friday that Jobs and Starck were "very close in the period that the
design was made and the building proceeded.

"That's one of the reasons there was no formal
agreement on the job," he said.

The yacht will reportedly be shipped by another ship to the United States,
where Jobs' family, including widow Laurene Powell Jobs and their three
children Reed, Erin and Eve, are to take charge of her.

The aluminium-hulled yacht was built by Royal De Vries
shipbuilder's in Aalsmeer, just south of Amsterdam,
with interiors designed by Starck.

The bridge features a control panel made up of an array of
seven iMac computers.

Starck said last year that he was working on the yacht,
which was mentioned in Walter Isaacson's biography of Jobs, who died on October 5,
2011. He said it was "sleek and minimalist", with teak decks.